Industry News

The summer of Pac-Man [The Hawk Eye, Burlington, Iowa]
Reliance Communications Ltd's chief executive Vinod Sawhny has stepped down, the company informed the Bombay Stock Exchange on Saturday. The announcement comes two weeks after RCom announced the merger of its wireless business with Aircel Ltd.. The company, in the statement addressed to BSE, cited Sawhny's personal reasons for the step."/>
BRIEF: Reliance Communications' CEO Vinod Sawhny steps down [Mint, New Delhi]
Zayo Group, a fast-growing rising star in the race to build powerful broadband networks in the U.S. and abroad, has come under fire from its external auditors for failing to ensure its internal controls are adequate to generate sound financial reports. The warning from KPMG, which appeared in Zayo's annual report dated Aug. 26, will not result in a restatement of the company's earnings, according to Chief Financial Officer Ken desGarennes."/>
Auditors flag Boulder-based Zayo's financial reporting [Daily Camera, Boulder, Colo.]
Bajaj Auto Ltd's workers at Chakan and Akurdi factories plan to go on a one-day hunger strike on 2 October to press for expediting the wage revision and reinstatement of workers suspended during the previous round of wage settlement. The main reason for hunger strike as mentioned by the union is a delay in conclusion of the wage review process which was due with effect from 1 April 2016, said Kailash J Zanzari, senior vice president for manufacturing at Bajaj Auto, in..."/>
Bajaj Auto workers on hunger strike on Sunday over wage revision [Mint, New Delhi]
Expedia last year, is making changes at the top. Brian Sharples, who co-founded HomeAway in 2005, led it through a public offering in 2011 and oversaw its $3.9 billion purchase by Expedia in December, has stepped down as CEO. He will remain as chairman through January, the company said."/>
Top Local Business Stories of the Week [Austin American-Statesman]

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